Opening Daily Highlight
Mixed
Successful breakthrough
Thu, 25-Apr-2024 07:45 am
by Research Team • Apex Research

  • Fajarbaru Builder Group Bhd has accepted a letter of award from WCT Holdings Bhd in respect of main building works for a two-phase residential development project in Johor Baru, Johor, worth RM252.26m.

  • OCR Group Bhd’s indirect subsidiary OCR Templer Sdn Bhd plans to develop a landed residential project on 7.44 hectares in Templer, Rawang, with an estimated gross development value (GDV) of RM313 million.

  • Suria Capital Holdings Bhd’s wholly owned Sabah Ports Sdn Bhd has roped in DP World, an Emirati multinational logistics company based in Dubai, to manage the Sapangar Bay Container Port (SBCP)

  • Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as chief executive officer for another five years and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

  • Hibiscus Petroleum Bhd said its wholly-owned subsidiary Hibiscus Oil & Gas Malaysia Limited has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.

  • Chin Hin Group Property Bhd said it has signed two agreements to develop two separate residential projects in Kuala Lumpur worth RM1.08 billion in combined gross development value (GDV).

  • OCR Group Bhd has entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated GDV of RM313 million.

  • I-Bhd said it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million.

  • United Plantations Bhd’s net profit grew 18.54% year-on-year to RM132.87 million for the first quarter ended March 31, 2024 (1QFY2024), mainly due to a sharp drop in finance cost.

  • AME Real Estate Investment Trust (AME REIT) recorded an 11.9% year-on-year growth in net property income in the fourth quarter ended March 31, 2024 to RM11.4 million, driven by a 15.9% increase in rental income.

  • Axis Real Estate Investment Trust (Axis REIT), which focuses on industrial assets, is disposing of its property in Nusajaya, Johor, for RM162 million, cash, to a data centre operator.

  • MyEG Services Bhd and Zetrix Foundation have signed a memorandum of understanding (MOU) with Hong Kong licensed virtual asset manager MaiCapital to collaborate on the launch of a Securities and Futures Commission of Hong Kong (SFC)-approved ETF, which would consist of a basket of cryptocurrencies, such as bitcoin and Zetrix.
Sentiment: Neutral
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